Suraj Estate Developers Announces 88% Profit Surge in Q2 FY25 & 97% in H1FY25

Suraj Estate Developers Limited, a leading real estate player in South Central Mumbai, has announced its unaudited financial results for the quarter and half year ended September’24. The company reported a significant surge in profit after tax (PAT) by 88% in Q2 FY25 and 97% in H1FY25. The total income for Q2 FY25 increased by 5.7% to Rs. 244.3 crore, and by 18.3% in H1FY25 to Rs. 490.8 crore. EBITDA for Q2 FY25 stood at Rs. 64 crore, a 1% increase from Q2 FY24, and Rs. 128.2 crore in H1FY25, a 16% increase from H1FY24. The company's gross debt stands at Rs. 429 crore and net debt at Rs. 381 crore as of 30th September 2024. Pre-sales saw a growth of 26% y-o-y in Q2FY25 and 13% in H1FY25. Realizations grew 10% y-o-y in Q2FY25 and 12% y-o-y in H1FY25. Collections grew 89% y-o-y in Q2FY25 and 46% y-o-y in H1FY25. The company raised Rs. 343 crores through a preferential issue of equity shares and share warrants in October 2024.